[PRESS RELEASE] – CALGARY, Alberta, Feb. 25, 2026 – Decibel Cannabis Co. Inc., a market leader in Canadian branded cannabis manufactured products and global medical exports, announces that it has entered into a conditional sale agreement for its property located in Creston, British Columbia, and its related consolidation of its cannabis cultivation facility situated on the subject property (the "facility").
The sale price of the property will be approximately $2,500,000, with all sale proceeds being used to repay a portion of the company's recently announced term debt. In conjunction with the sale of the property, the company is consolidating the facility's operations into the company's other cultivation site in Battleford, Saskatchewan. Both the sale and consolidation align with the company's continued focus on operational efficiency and long-term profitability.
"This is a proactive step to further optimize our operating footprint and support disciplined, profitable growth," Decibel CEO Ben Sze said. "Our cultivation capacity is well aligned with demand, and this consolidation strengthens our ability to support brand growth in Canada and our global export business. By concentrating production into fewer, higher-utilized facilities, we improve efficiency, reduce complexity and strengthen our cost structure. I also want to thank the team in Creston for their contributions and the role they have played in helping build the business."
The transaction is expected to:
- Generate cost savings of $4 million annually due to consolidation;
- Have no impact on the company's revenue outlook;
- Improve production efficiency through higher utilization across remaining assets; and
- Strengthen the company's balance sheet.
The transaction remains subject to standard closing conditions and is anticipated to close in April 2026.
